M&A Deal Summary

SeaSpine Acquires 7D Surgical

On March 22, 2021, SeaSpine acquired medical products company 7D Surgical for 110M USD

Acquisition Highlights
  • This is SeaSpine’s 2nd transaction in the Medical Products sector.
  • This is SeaSpine’s largest (disclosed) transaction.
  • This is SeaSpine’s 1st transaction in Canada.
  • This is SeaSpine’s 1st transaction in Ontario.

M&A Deal Summary
Date 2021-03-22
Target 7D Surgical
Sector Medical Products
Buyer(s) SeaSpine
Deal Type Add-on Acquisition
Deal Value 110M USD

Target

7D Surgical

Toronto, Ontario, Canada
7D Surgical develops and commercializes advanced machine-vision-based registration algorithms to improve surgical workflow and patient care, currently with applications in spine and cranial surgeries. Its flagship system, founded on its machine-vision, image-guided surgery platform, reduces radiation exposure by eliminating intra-operative CT (computed tomography) and fluoroscopy for purposes of registration, both of which commonly are used for patient registration with traditional navigational systems. 7D Surgical was founded in 2009 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

SeaSpine

Carlsbad, California, United States
Category Company
Sector Medical Products
Employees523
Revenue 191M USD (2021)
DESCRIPTION

SeaSpine is a global medical technology company focused on the design, development, and commercialization of surgical solutions for the treatment of patients suffering from spinal disorders. SeaSpine’s complete procedural solutions feature its market-leading FLASH Navigation, a system designed to improve the accuracy of screw placement and provide a cost-effective, rapid, radiation-free solution to surgical navigation, and a comprehensive portfolio of spinal implants and orthobiologics to meet the varying combinations of products that neurosurgeons and orthopedic spine surgeons need to facilitate spinal fusion in degenerative, minimally invasive surgery (MIS), and complex spinal deformity procedures on the lumbar, thoracic and cervical spine. SeaSpine is based in Carlsbad, California.

DEAL STATS #
Overall 2 of 2
Sector (Medical Products) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-18 NLT SPINE

Kfar Saba, Israel

NLT SPINE Ltd. is a medical device company developing spinal products for minimally invasive surgery (MIS). NLT’s platforms include vertical, lordotic and footprint expanding interbody technologies for use in lumbar fusion procedures for the treatment of degenerative spinal conditions.

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